RESOLUTION OF BOARD OF CENTRAL BANK OF THE REPUBLIC OF UZBEKISTAN

of June 13, 2015 No. 14/6

About recognition voided the Procedure for classification of quality of assets, forming and use of the reserves created by commercial banks on covering of possible losses on them, and also changes and amendments to it

According to the Law of the Republic of Uzbekistan "About the Central bank of the Republic of Uzbekistan" the Board of the Central bank of the Republic of Uzbekistan decides:

1. Recognize invalid some departmental regulatory legal acts according to appendix.

2. This resolution becomes effective after three months from the date of its official publication.

Appendix

to the Resolution of Board of the Central bank of the Republic of Uzbekistan of June 13, 2015 No. 14/6

The list of the regulatory legal acts recognized invalid

1. The procedure for classification of quality of assets, forming and uses of the reserves created by commercial banks on covering of possible losses on them approved by Board of the Central bank of the Republic of Uzbekistan on November 9, 1998 for No. 242 (рег. No. 632 of February 11, 1999).

2. The resolution of Board of the Central bank of the Republic of Uzbekistan of June 11, 2005 No. 13/8 "About modification and amendments in the Procedure for classification of quality of assets, forming and use of the reserves created by commercial banks on covering of possible losses on them" (рег. No. 632-1 of June 20, 2005) (Collection of the legislation of the Republic of Uzbekistan, 2005, Art. No. 25-26, 182).

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